Pair: GBPUSD (5 candle - New York close)
Entry: trend trading with pin bar - sell limit order
Entry: 1.3963
Exit: 1.3683
In the D1 GBPUSD chart below, we can see a bearish (fakey) pin bar sell signal that formed after an inside bar formation yesterday. I went short at 50% retracement of this pin bar's length. I see the potential for downside movement into 1.3660 - 1.3730 area. As always, trade at your own risk.
If you would like to see how I pick my entries in the market, check this article
7 Secret Rules To Pick The Best Entry Trading Forex
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| 09.02.2018 - GBPUSD D1 - Trading With Price Action |
